Hey @pgrace Unfortunately it seems the pattern is quite weak. If...

Hey @pgrace

Unfortunately it seems the pattern is quite weak. If you look at a 3yr daily chart you can see the previous close at 2c which occurred around the 15/09/2014. This was followed by a slide in the price but has finally recovered to around those same levels when we saw the spike in volume and price on the 23/02/2016. The reason I say it is a weak form of the cup and handle formation is that we saw a bit of a rise in the price around 29/06/2015 (thereby ruining the "cup" pattern). Hope that helps a bit and happy to bounce ideas off you guys

For more info on trading cups and handles:
http://www.investopedia.com/university/charts/charts3.asp

Ps following some of the rumours today I decided to offload half my holdings at 1.9 so I can be free carried with the rest. Will be more than happy to top up again in due course.